The company intends to use the funds to expand its tech platform for independent RIAs.

Led by David Stone, Founder and CEO, Aria recently introduced the first in a series of RetireOne guaranteed income solutions, which are designed specifically to let Registered Investment Advisors control and actively manage investments on behalf of their clients.
RetireOne Transamerica is based on a stand-alone living benefit (SALB) product design.
This fixed contingent annuity provides the benefits of a guaranteed income insurance product centered around traditional investment vehicles such as no-load mutual funds and exchange-traded funds (ETFs) offered from fund families, including American Funds, iShares, PIMCO, Vanguard, and Schwab. The product is underwritten by Transamerica Advisors Life Insurance Company.

FinSMEs

03/02/2012

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About Aria Retirement Solutions

Aria Retirement Solutions (Aria) provides a new generation of guaranteed retirement income solutions to independent Registered Investment Advisors (RIAs) operating fee-only practices. Headquartered in , Aria was founded by veteran executives from such industry-leading firms as Charles Schwab and Fidelity, with the shared vision of building a cutting-edge platform focused exclusively on fee-only RIAs. Recognizing the need that effective asset management must balance an aggressive strategy with the need to protect client assets, the Aria executive team developed a platform to support both objectives as RIAs shift portfolio strategy for clients from asset accumulation to income distribution. Through its open, multi-provider platform, Aria gives fee-based RIAs greater control of underlying assets backed with fully licensed sales and advisor support through the Louisville, Ky.-based Aria Retirement Solutions Advisor Support Center. Securities offered through Protected Investors of America, member FINRA/SIPC.